I am looking to invest around 50000/- in FD offered by companies. Can you please tell me how safe Fixed deposits of Mahindra Finance and Jaypee Associates are? I could not find any CRISIL or CARE ratings for them?
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I am looking to invest around 50000/- in FD offered by companies. Can you please tell me how safe Fixed deposits of Mahindra Finance and Jaypee Associates are? I could not find any CRISIL or CARE ratings for them?
I personally don't invest in company FDs, so I have not much idea. I have checked on Google and Mahindra FD is assigned AA+ rating from CRISIL indicating High Safety.
I am not sure whether above FD are still available. Please check with your advisor.Quote:
Originally Posted by Insured
5 Nov'2009 - CRISIL has revised its rating outlook on Mahindra & Mahindra Financial Services Ltd’s (Mahindra Finance’s) debt programmes and bank facilities to ‘Stable’ from ‘Negative’.Quote:
Originally Posted by CONFUSED
Source - crisil.com
Avoid JP Associates.Quote:
Originally Posted by Insured